Myths and Facts about Wholesale Diamonds
I've heard some internet diamond vendors and some B&M claim to be wholesalers. But if they're selling diamonds to everyone, aren't they pretty much a retailer? Are there really wholesalers that sell to non-professionals? Is it a marketing trick? See the answer to this and other common misconceptions about the term "wholesale".
Wholesale Diamonds to the Public - Can You Say That?
Understand why this phrase is misleading and wrong.
Wholesale Diamonds Pricelist
The difference between wholesale and retail
RAP Diamond Prices and Internet Diamond Dealers
Understand the context of Rapaport List prices
What is the Rapaport and how does it effect how the trade calculates diamond prices.
Rap lists diamonds in separate grids of
carat weight, with prices in $100's per carat in rows from D to M for
Color and separate columns for each
Clarity grade (including SI3 which is a split of SI2 and I1).
Suppose a jeweler shows you a "Rap" sheet and says "this is the secret industry bible and I will sell you this diamond for 10% below the prices on it!" Shop hard enough, especially on 47th street in the Big Apple and it will probably happen to you.
At its simplest level the price list is used by buyers and sellers as a price list of market values for various sizes colors and clarity qualities. There are price guides published by organizations that may well reflect the goings on in local markets. In the international industry and the big end of town, the Rapaport list reigns supreme.
